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Chinese firm invests $14M in orthopedic device developer: 3 notes Featured

Written by  Mackenzie Garrity | Tuesday, 12 September 2017 17:01
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Yingke Private Equity, a Chinese investment firm invested $14 million in Shanghai Sanyou Medical, according to the China Money Network.

Here are three notes:

 

1. Shanghai Sanyou Medical specializes in developing orthopedic implants. Over the past five years, the company has received 21 patents and 48 utility models in China.

 

2. The company is known for its development of the Z Minimally Invasive Spine Technology Solution, which can reduce spine surgery by 50 percent and surgical incision by 30 percent.

 

3. The Chinese orthopedic medical equipment sector accounts for 9 percent of the overall medical device market in China. In 2016, the market size was estimated at $2B, up 15 percent from the year before.

 

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